Sallie Mae Declares Preferred Stock Series B Dividend

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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, the nation’s saving,
planning, and paying for college company, today announced a 2018
fourth-quarter dividend on its Preferred Stock Series B of $1.0204967
per share. The Preferred Stock Series B dividend will be paid on Dec.
17, 2018, to stockholders of record at the close of business on Dec. 7,
2018.

On Sept. 30, 2018, Sallie Mae had approximately 4 million shares of
Preferred Stock Series B outstanding.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and
paying for college company. Whether college is a long way off or just
around the corner, Sallie Mae offers products that promote responsible
personal finance, including private education loans, free scholarship
search tools, free college financial planning tools, and online retail
banking. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM
Corporation and its subsidiaries are not sponsored by or agencies of the
United States of America.